Is it a bear market bounce or a bull market rally? That seems to be the ongoing debate and depending who you ask; the answers will be vastly different. With Wednesday’s market rally, the S&P 500 (SPX) has rallied 15%+ over the past 33 days, with just 2 days in which it fell more than…
If all that you paid attention to on Tuesday was the S&P 500 (SPX) moving above and closing just above its 200-DMA, that might be a good thing. Why do we suggest that? Most plainly, some of the trickling economic data isn’t in keeping with the market’s move higher. Nonetheless, the S&P 500 closing above…
It looks like we have a deal to avoid a government shutdown, as policy makers spill out into the media forums touting such a deal. But will President Donald Trump sign the bipartisan deal? That remains the open-ended question while equity markets positively digest the political news of the day. U.S. equity futures are sharply…
Welcome to our weekend Technical Recap. Wayne takes a look at the market moves for the week as Friday’s turbulent session expressed a bit of a FOMO moment going into the closing bell. While the major averages came off of their lows around midday, they rallied mightily into the close and in earnest, it’s been…
Our daily technical market recap today discusses some of the “pullback” presumptions and probabilities given the decline that hasn’t presented itself until now. Please click the link to review the technical market recap video with Wayne Nelson. 17- minutes in Wayne discusses VIX still closed below the 200-DMA but… and that’s why you need to…
Here we are, ready to close out the trading week and with the S&P 500 (SPX) quite literally exactly where it started the week, 2,706. Pretty unusual to find 4 trading days having been completed with a flat result, but nonetheless here we are. And with that being said thousands of options are set to…
In other headlines, J.P. Morgan Chase believes we’ve entered a new risk-on environment for equities. The bank’s global strategists continue to favor equities relative to bonds, saying in a monthly report that markets are still some way off from fully pricing in less tightening from the Fed. With valuations more supportive, they scrapped hedges that…
Welcome to our 2/6/2019 State of the Market video with Seth and Wayne. In this week’s SOTM video we discuss with great detail the Volmageddon event as it anniversaried on 2/5/2019. In addition we also address all matters surrounding the equity market from the State of the Union address to overbought markets coming out of…
On the heels of the State of the Union address Tuesday night, equity futures are pointing to modest decline at the open of trading on Wednesday. In assessing the SOTU address, we’re of the opinion it was rather innocuous with points of articulation that spanned from global trade to domestic political strife and found with…
There’s so much to discuss as it pertains to the current S&P 500 (SPX) rally and the Alphabet. No, not just Alphabet’s (GOOGL) earnings, but 3 letters of the Alphabet that serve as signal posts for the S&P 500: E-F-G baby!! E-arnings F-ederal Open Market Committee G-lobal Trade EFG will be the acronym of 2019…
